Healthcare Cloud Computing Market worth $9.48 Billion by 2020

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This report studies the global healthcare cloud computing market for the forecast period of 2015 to 2020. This market is expected to reach $9.48 Billion by 2020 from $3.73 Billion in 2015 at a CAGR of 20.5% during the forecast period.

The global healthcare cloud computing market is segmented on the basis of application, service model, deployment model, pricing model, component, end user, and region.

Based on application, the healthcare cloud computing market is categorized into clinical information systems (CIS) and nonclinical information system (NCIS). In 2015, CIS is estimated to account for the major share of the healthcare cloud computing market.

On the basis of service model, this market is segmented into software-as-a-service (SaaS), information-as-a-service (IaaS), and platform-as-a-service (PaaS). In 2015, the software-as-a-service (SaaS) segment is estimated to account for the major share of the market.

Based on deployment model, the market is segmented into private cloud, public cloud, and hybrid cloud. In 2015, the private cloud segment is estimated to account for the major share of the healthcare cloud computing market.

On the basis of pricing model, this market is segmented into pay-as-you-go and spot pricing. In 2015, the pay-as-you-go segment is estimated to account for the major share of the healthcare cloud computing market.

Based on component, the market is segmented into hardware, software, and services. In 2015, the software segment is estimated to account for the major share of the healthcare cloud computing market.

On the basis of end users, the market is segmented into healthcare providers and healthcare payers. In 2015, the healthcare providers segment is estimated to account for the major share of the healthcare cloud computing market.

On the basis of regions, the market is divided into North America, Europe, Asia, and the Rest of the World (RoW). In 2015, North America is estimated to account for the largest share of the healthcare cloud computing market, followed by Europe and Asia. North America is expected to continue to grow at the highest CAGR during the forecast period.

Over the years, the adoption of cloud computing in healthcare is likely to increase owing to the rising need to curtail healthcare costs and enhance the quality of healthcare, reforms benefiting healthcare IT, proliferation of new payment models and cost-efficiency of cloud technology, and the implementation of the Patient Protection and Affordable Care Act (PPACA). Moreover, teleCloud and the formation of accountable care organizations (ACOs) are creating growth opportunities for the healthcare cloud computing market. However, the security of patient data on cloud is a crucial issue that is likely to restrain the growth of this market.

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